Government Cites Threats to Security and Poor Corporate Governance
The Dutch government has intervened to assume control of Nexperia, a semiconductor manufacturer owned by China’s Wingtech Technology, after identifying serious management problems and national security risks. The Ministry of Economic Affairs announced that it had activated special emergency powers to limit the authority of the firm’s executives and install temporary government-appointed supervisors. Nexperia, based in Nijmegen, has been part of Wingtech’s portfolio since 2019.
Action Intended to Safeguard Critical Semiconductor Capabilities
Officials said the measure is aimed at ensuring the Netherlands retains secure access to essential chipmaking technology and intellectual property. While the state has taken charge of major strategic decisions, Nexperia’s operations, production, and workforce will continue without interruption. The intervention reflects Europe’s tightening scrutiny of foreign control in industries considered vital to its economic and technological independence.
Wingtech Rejects Allegations and Plans to Contest Decision
Wingtech condemned the Dutch action, calling it discriminatory and baseless, and said it would pursue legal steps to overturn the ruling. The company insisted that it fully complies with Dutch and European law. The unprecedented move marks the first instance of the Netherlands using its emergency economic powers to intervene in a foreign-owned tech firm, signaling a stronger national approach to protecting sensitive technology assets.
